Larry Ellison experienced a significant drop in his net worth, totaling approximately $3.2 billion, following a decline in both Oracle and Tesla stocks. His stake in Tesla, which fell 6%, notably impacted his finances, highlighting the volatility of the stock market. Meanwhile, BYD, a Chinese electric vehicle competitor, has gained market traction by launching advanced driver-assistance features at no additional cost, providing it with a competitive edge over Tesla, which charges for similar software. This price war in the EV market could influence consumer choice and brand loyalty.
BYD said it will make its God's Eye driver-assistance system standard in vehicles priced from 100,000 yuan ($13,700) and include it in several lower-cost models.
Tesla also released similar full self-driving features in the U.S., but it's charging a subscription fee of $99 a month, or a one-time payment of $8,000.
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